SEC’s July ETF Approval May Kick Off “Altcoin ETF Summer”

The U.S. Securities and Exchange Commission (SEC) may greenlight crypto-linked exchange-traded funds (ETFs) as early as next month, potentially ushering in an altcoin ETF summer. Big companies like Grayscale and Bitwise want to create special funds called ETFs that hold a mix of different cryptocurrencies, like Bitcoin, Solana, and others. 

These “basket” ETFs let investors spread their money across many cryptos, reducing risk since the crypto market can be very up-and-down. Duncan Moir from 21Shares said at a Paris event that these ETFs are a smart choice for people unsure which crypto will do best, and more companies are racing to offer them in the U.S.

The U.S. Securities and Exchange Commission (SEC) is talking to companies about Solana ETFs and how they can include “staking.” Nate Geraci from ETF Store thinks the SEC might soon allow many crypto ETFs, which could let big investment firms offer direct crypto trading. Analyst Eric Balchunas predicts that by the year 2026, everyone might even see ETFs focused on memecoins like Dogecoin.

If the SEC says yes to these ETFs, more big investors might buy crypto, making the market more stable and trustworthy. Right now, the SEC is looking at 72 ETF proposals, including ones for XRP and Litecoin. The SEC’s decisions could increase the popularity of altcoins and significantly impact their prices. The agency is also reviewing filings for Solana and staking ETFs, and it is likely that Solana will lead the charge; however, decisions on these may come later this year.

Additionally, it will mitigate risk, given the volatility of the crypto market. Duncan Moir from 21Shares said at a Paris event that these ETFs are a smart choice for people unsure which crypto will do best, and more companies are racing to offer them in the U.S.